Feeds

eBay's non-Skype profits climb 16%

Our pal, PayPal

  • alert
  • submit to reddit

Boost IT visibility and business value

eBay's third-quarter revenues climbed 10 per cent over the same quarter last year, if you exclude revenues from the failed VoIP experiment with Skype, while non-Skype, non-GAAP profits rose 16 per cent.

With net earnings per share topping out at 40 cents, eBay beat the expectations of the Wall Street guessmen, and it gave much of the credit to PayPal, which ended the quarter with over 90 million active accounts worldwide. "We delivered strong third quarter results, with great performance at PayPal and stable results at eBay,” read a canned statement from CEO John Donahoe.

“PayPal gained share globally and eBay continued to improve key metrics. Our company is strong and we are managing our global portfolio to balance strengths, challenges and opportunities, invest in growth and deliver consistent performance.”

Overall revenues reached $2.2 billion, a one per cent increase over Q3 2009, but last year, eBay still had its stake in Skype. Non-GAAP net income came in at $530.6m, or 40 cents per diluted share. Those Wall Street types expected 37 cents.

Revenue from PayPal reached $838m, a 22 per cent leap from last year, and total payment volume jumped 26 per cent to $4.368bn. Revenue from the company's core marketplace business was $1.411bn, a 3 per cent increase from the previous year. For several quarters now, PayPal has been the company's main source of growth — not its marketplaces. ®

Maximizing your infrastructure through virtualization

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.